Lenders are required to store transaction records for a number of years. The period differs based on the documents. Escrow Cancellation: 2 years Partial Payment Policy Disclosures: 2 years Loan Estimates: 3 years after loan consummation Closing Disclosures: 5 years after loan consummation If the loan is sold — for example, to a different company for loan servicing — the original lender is only required to provide a copy of the Closing Disclosure to the new owner. Both companies must retain this information, for the remainder of the 5-year period. While digital record storage is common, it is not legally required. The guidelines set for lenders under the TRID regulations do not affect consumer behavior; consumers can keep disclosure records as long as they see fit. .

Regulations and disclosures for home mortgages and most other real-estate related loans do not apply to reverse mortgages, home-equity line of credit loans (HELOCs), or mobile home loans. Disclosures for these loan types require lenders to continue use of the Good Faith Estimate, Truth-In-Lending Disclosure and the HUD-1 form. In addition, the Loan Estimate and Closing Disclosure forms used for home mortgages are not required for housing assistance loans. These have separate regulations and forms; ask your lender for regulations, declarations and explanatory material.

Federal guidelines apply to most consumer loans — like mortgages — that are secured by property. Refinancing, vacant-land loans, construction-only loans, closed-end home-equity loans, and of course home mortgages are covered by these guidelines. Reverse mortgages and mobile-home mortgages are regulated separately, and the Federal TRID guidelines and disclosures do not apply in the same way. Guidelines are designed to apply to lenders who make such loans in the ordinary course of business; they do not apply to people or businesses that make 5 (or less than 5) qualifying loans in a given year.